Chinese yard giant forced to restructure
Following massive losses, authorities are pushing for a restructuring of China's largest privately owned shipyard, Rongsheng Heavy Industries Group, according to Seatrade Global.
BY MAZ PLECHINGER
Rongsheng Heavy Industries Group no longer looks like the master of its own destiny. Over the course of the weekend, Chinese authorities announced efforts to locate a third party to launch a potential restructuring of Rongsheng, according to Seatrade Global.
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